Quotations, Random Lists, Over-used clichés, Limit your use of the word “passion”, And Stilted vocabulary.
Answer:
Bad Debt Expense ($40,000 - $3,200) $36,800
To Allowance for Doubtful Accounts $36,800
(Being the bad debt expense is recorded)
Explanation:
The adjusting entry is shown below:
Bad Debt Expense ($40,000 - $3,200) $36,800
To Allowance for Doubtful Accounts $36,800
(Being the bad debt expense is recorded)
For recording this we debited the bad debt expense as it increased the expenses and credited the allowance for doubtful debts as it decreased the value of the assets
And since there is a credit balance so the same is deducted from the account receivable
Answer:
The last one.
We had to ration the food to make it last the whole week.
Explanation:
Look up the meaning of ration and it'll make sense.
